Portfolio Update

RNS Number : 1951L

AXA Property Trust Ld

06 January 2009

To: RNS

From: AXA Property Trust Limited

Date: 6 January 2009

AXA Property Trust Limited announces its ten largest investments, including all investments with a value greater than 5% of its gross assets, as at 31 December 2008:

	Country	Location	% of total assets

1	Germany	Bahnhofstrasse, Rothenburg ob der Tauber	12.9%
2	Germany	Phoenix Centre, Fuerth	12.3%
3	Italy	Multiplex, Curno, Bergamo	9.8%
4	Italy	SS Bergamina, Agnadello	8.5%
5	Netherlands	Smakterweg, Venray	5.5%
6	Germany	Am Birkfeld, Dasing	5.4%
7	Germany	Bahnhofstrasse, Karben	5.2%
8	Germany	Industriestrasse, Montabaur-Heiligenroth	5.1%
9	Germany	Ruednitzer Chaussee, Bernau	4.1%
10	Germany	Nuernberger Strasse, Treuchtlingen	4.0%